Sustainable Days Sales Outstanding vs Price To Sales Ratio Analysis
| PWI Stock | 9.05 0.04 0.44% |
Sustainable Power financial indicator trend analysis is much more than just breaking down Sustainable Power prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sustainable Power is a good investment. Please check the relationship between Sustainable Power Days Sales Outstanding and its Price To Sales Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sustainable Power Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Days Sales Outstanding vs Price To Sales Ratio
Days Sales Outstanding vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sustainable Power Days Sales Outstanding account and Price To Sales Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between Sustainable Power's Days Sales Outstanding and Price To Sales Ratio is 1.0. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Sustainable Power Infrastructure, assuming nothing else is changed. The correlation between historical values of Sustainable Power's Days Sales Outstanding and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Sustainable Power Infrastructure are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Days Sales Outstanding i.e., Sustainable Power's Days Sales Outstanding and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Days Sales Outstanding
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Sustainable Power stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sustainable Power sales, a figure that is much harder to manipulate than other Sustainable Power Infrastructure multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Sustainable Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sustainable Power current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sustainable Power Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Sustainable Power's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 2nd of February 2025, Enterprise Value Multiple is likely to grow to 3.66, while Tax Provision is likely to drop about 140 K.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 133.0 | 233.0 | 209.7 | 207.74 | Depreciation And Amortization | 228.5K | 167.9K | 151.1K | 168.8K |
Sustainable Power fundamental ratios Correlations
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Sustainable Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Sustainable Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sustainable Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sustainable Power will appreciate offsetting losses from the drop in the long position's value.Moving against Sustainable Stock
| 0.65 | STC | Sangoma Technologies Corp Earnings Call This Week | PairCorr |
| 0.64 | RY-PM | Royal Bank | PairCorr |
| 0.58 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.56 | TD-PFD | Toronto Dominion Bank | PairCorr |
| 0.38 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to Sustainable Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sustainable Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sustainable Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sustainable Power Infrastructure to buy it.
The correlation of Sustainable Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sustainable Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sustainable Power moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sustainable Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Sustainable Stock
Balance Sheet is a snapshot of the financial position of Sustainable Power at a specified time, usually calculated after every quarter, six months, or one year. Sustainable Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sustainable Power and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sustainable currently owns. An asset can also be divided into two categories, current and non-current.